Scotiabank Has Positive Outlook of Tenable FY2026 Earnings

Key Points

• Scotiabank raised Tenable’s FY2026 EPS estimate to $0.50 from $0.47, maintaining a “Sector Outperform” rating and a $50 price target.
• Tenable beat quarterly expectations, reporting $0.51 EPS versus the $0.47 consensus and $268.51 million in revenue, up 8.6% year over year.
• Analyst sentiment is mixed: eight analysts rate the stock a Buy, 11 a Hold, and one a Sell, resulting in a consensus “Hold” rating and an average price target of $34.68.

Tenable Holdings, Inc. (NASDAQ:TENB - Free Report) - Equities researchers at Scotiabank increased their FY2026 EPS estimates for shares of Tenable in a research report issued on Tuesday, August 4th. Scotiabank analyst P. Colville now expects that the company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.47. Scotiabank currently has a "Sector Outperform" rating and a $50.00 target price on the stock. The consensus estimate for Tenable's current full-year earnings is $0.50 per share.

Tenable (NASDAQ:TENB - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $268.51 million during the quarter, compared to analysts' expectations of $264.87 million. Tenable had a net margin of 0.65% and a return on equity of 14.90%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Tenable has set its FY 2026 guidance at 1.950-2.000 EPS and its Q3 2026 guidance at 0.490-0.520 EPS.

A number of other equities research analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on Tenable from $35.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Susquehanna increased their target price on Tenable from $26.00 to $36.00 and gave the stock a "positive" rating in a research note on Thursday, July 30th. TD Cowen raised their target price on shares of Tenable from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Wells Fargo & Company cut their price target on shares of Tenable from $43.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Finally, DA Davidson upped their price target on shares of Tenable from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Friday, May 22nd. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $34.68.

Tenable Stock Up 0.5%

NASDAQ:TENB opened at $36.17 on Friday. Tenable has a 1 year low of $15.73 and a 1 year high of $43.67. The stock has a 50-day moving average price of $32.93 and a two-hundred day moving average price of $25.00. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 723.54 and a beta of 0.94. The company has a current ratio of 0.79, a quick ratio of 0.85 and a debt-to-equity ratio of 1.78.

Institutional Investors Weigh In On Tenable

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Tenable during the 3rd quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Tenable in the fourth quarter valued at approximately $28,000. Signaturefd LLC raised its holdings in shares of Tenable by 312.9% in the fourth quarter. Signaturefd LLC now owns 1,251 shares of the company's stock valued at $29,000 after purchasing an additional 948 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of Tenable in the fourth quarter worth $38,000. Finally, Horizon Investments LLC bought a new stake in shares of Tenable in the third quarter worth $45,000. Institutional investors and hedge funds own 89.06% of the company's stock.

About Tenable

Tenable Holdings, Inc is a global cybersecurity company specializing in vulnerability management and continuous threat exposure assessment. Headquartered in Columbia, Maryland, Tenable was founded in 2002 by Ron Gula and Jack Huffard to address the growing need for proactive network security solutions. Over the years, the company has evolved from a pioneer in open-source vulnerability scanning to a leading provider of comprehensive security platforms that help organizations identify, investigate and prioritize cyber risks across on-premises, cloud and operational technology environments.

At the core of Tenable's product suite is Nessus, one of the industry's most widely adopted vulnerability scanners.

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